There Is A Lots Of Buzz Created On The Issue Of Black Money Over Last Five Years..When That Time N.D.A Prime Ministerial Candidate & Hn. BJP Leader L.K Advani Raised This Issue.
The Issue Is Mainly Revolving Around Some Questions...How To Take It Back...How Much Money Is There...Who Are The People Involved??...& Bla..Bla...!!
But We Missed A Serious Question On The Basic Structure Of Our Tax Collecting Bodies.Especially On Income Tax Department & Enforcement Directorate,That How This Much Huge Amount Of Money Is Swept Out Just Behind The Nose Of These Departments.
Is Our System That Much Weak To Stop Theft Of Income Tax & Transferring Such A Huge Amount Of Money To Tax Heavens??
Isn't Its Time To Re-Structure Our System.
For Sure,CHANGE WE NEED To Re-enquire The Basics Of Our Tax Collecting System & Create A Structure In Which Atleast Corruption In Income Tax Department Could Be Sorted Out Completely.
If We Could Just Focus On Corruption In Income Tax Department...We Could Check-Out All Most Every Part Of Corruption.
Because If Any One Having Money More Than Their Income Is A Clear-Cut Case Of Corruption & A Unbiased Enquiry Will Reveal The Truth.
So,It Could Prove A Panacea For Curing Corruption Named Diseases From Our Country.
Second,Reforms In Calculating Annual Income Of An Individual Or A Organization Is Also Much Needed.
Today Government Of India Could Just Only Check Exact Annual Income Govt. Employees Even Not Of That Of Corrupted Ones.
Why Don't We Need A System In Which Our Tax Collecting Department Must Able To Check Exact Income Of Any Individual Apart From Data Given On His/Her Income Certificate.
Most Of The Organisations Pay Heavy Salaries To Their Charted Accounteds For Misleading Govt. About Their Net Annual Income.
Are Those C.As Not Responsible For Corruption..But Even After Disclosure Of Such Cases Just Directors & Owners Face Corruption Cases...But,First Action On Such C.As Is Needed.
May Be This Is A One Of The Issues For Any Political Party Or Media To Use It Of Their Political Tool.But This Could Provide A Diamond Strength To Our Lean Economy.
Black Money Must Be Taken Back To Our Country But Parellely Action Must Be Taken To Stop Theft Of Income Tax & Illegal Tranfer Of Funds To Foreign Tax Heavens.Untill Unless We Didn't Take Action In This Direction.Never We Could Stop Creation Of Black Money Nor Corruption.
